Philippines (1834-37) c/s 8 reales KM-123

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Stack's Bowers 2021 ANA sale, lot 41313
photo courtesy Stack's Bowers LLC

This specimen was lot 41313 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $38,400. The catalog description[1] noted,

"PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC FINE-15; C/S: VF Standard. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1822-Mo JM Mexico 8 Reales of the Empire of Iturbide, second bust type with abbreviated obverse legend and large eagle. This EXTREMELY RARE host seldom appears on the market with few recorded examples of either variant, abbreviated or continuous legends, becoming available. Our records indicate just three pieces are documented for all Y.II. crown varieties with the abbreviated obverse legends. The countermark is evenly applied with clear details on a well-worn host displaying light attractive mottled gray patina with areas of richer coloration amongst the devices. From the Angelita and Benito Legarda Collection."

This counterstamp was applied 1834-37 to Latin American pesos arriving in Manila from the newly independent republics, none of which were recognized by Spain. The SCWC lists over forty different types receiving this counterstamp. Counterstamped minor coinage is rare.

Recorded mintage: unknown.

Specification: 27.07 g, 0.903 fine silver (host coin).

Catalog reference: KM-123; Basso-56; PNM#6-117; PNM#16-Not Listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-4-3-III.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
  • Basso, Aldo P., Coins, Medals and Tokens of the Philippines, Menlo Park, CA: 1968.
  • Ganzon de Legarda, Angelita, Piloncitos to Pesos, A Brief History of Coinage in the Philippines, Manila: Bancom Development Corporation, 1976.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The August 2021 ANA sale: World and Ancient Coins, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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